Amazon’s profits rose in its third quarter, although it saw its share price dip slightly after it missed analyst expectations for sales. The ecommerce giant achieved a net income of $2.9 billion (£2.26 bn) compared to £200 million the previous year. However, while net sales increased 29% to £44.1 billion, this compared to growth of 34% the year before. Sales in the company’s core online business grew 11% year on year, compared to 22% in Q3 2017 and 12% in Q2 2018. Sales growth was fastest in North America, Amazon’s largest market, where sales rose 35% to £26.75 billion, the same growth figure as last year.
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